The Latest Breaking News from Apogee Enterprises Inc

The robust industrial sector, driven by a surge in demand for automation and modernization, is complemented by government initiatives. Thus, fundamentally solid industrial stocks Gibraltar Industries (ROCK), Global Industrial (GIC), Apogee Enterprises (APOG), and Clearwater Paper (CLW) might be ideal buys this year. Read more.

The building materials industry is well-positioned for solid growth, primarily due to the substantial investments to improve infrastructure and the increasing demand for new homes. So, should you add industrial stocks Owens Corning (OC), Apogee Enterprises (APOG), and Quanex Building Products (NX) to your portfolio now? Keep reading.

With inflation showing signs of cooling and the probability of a recession declining, there have been slivers of optimism regarding the economic climate. Therefore, investors could benefit from buying fundamentally strong stocks General Motors (GM), Cars.com (CARS), and Apogee Enterprises (APOG), with solid growth potential. Keep reading….

The Fed’s intention to keep raising interest rates despite the cooling down of inflation could eventually lead to the economy witnessing a recession. Moreover, the World Bank lowered its 2023 global growth forecast by almost half, citing deteriorating economic conditions. Hence, it could be wise to invest in fundamentally sound…

Craig-Hallum analyst Eric Stine lowered the price target for Apogee Enterprises Inc (NASDAQ:APOG) to $43 (2.7% upside) from $47 while maintaining the Hold rating on the shares. The analyst noted the company had a good start to FY23, with Q1 surpassing expectations. Stine expressed optimism about Apogee's operational progress. Meanwhile, the analyst specified that certain market…

Apogee Enterprises Inc (NASDAQ:APOG) reported first-quarter FY23 sales growth of 9% year-over-year to $356.6 million, beating the consensus of $328.59 million. Revenue by segments: Architectural Framing Systems $163.3 million (+19% Y/Y); Architectural Glass $76.3 million (-8.1% Y/Y); Architectural Services $103.4 million (+14% Y/Y); and Large-Scale Optical $25.2 million (+4% Y/Y). The gross…

Apogee Enterprises Inc (NASDAQ:APOG) has been downgraded to Hold from Buy, and the price target lowered to $47 from $54 by Craig-Hallum analyst Eric Stine. According to the analyst, Apogee used to trade at a significant discount to building materials comps but now trades substantially in-line. Related: Apogee Enterprises Q4 Results Surpass Estimates, Provides FY23 Guidance…

Apogee Enterprises Inc (NASDAQ:APOG) reported fourth-quarter sales growth of 6.3% year-over-year to $327.96 million, beating the consensus of $323.33 million. Revenue by segments: Architectural Framing Systems $143.13 million (+9% Y/Y); Architectural Glass $72.55 million (-12% Y/Y); Architectural Services $98.73 million (+21% Y/Y); and Large-Scale Optical $26.55 million (+23% Y/Y). Adjusted EPS improved…